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Strategies & Market Trends : Guidance and Visibility

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Jan 16 3:59 PM EST

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To: SusieQ1065 who wrote (47855)	4/10/2002 8:30:51 AM
From: JeanD	Read Replies (3) of 208838

IDTI gave guidance in Feb also and got upgraded the next day. I guess they'll try and tank it then after it's down good someone else will come out and "defend" it. Thursday February 28, 4:32 pm Eastern Time Press Release SOURCE: IDT IDT Provides Regular Mid-Quarter Update for the Fourth Quarter of Fiscal 2002 SANTA CLARA, Calif.--(BUSINESS WIRE)--Feb. 28, 2002--IDT (Integrated Device Technology, Inc.; Nasdaq: IDTI), a leading communications IC company, today announced during its regular mid-quarter financial teleconference that the Company's fourth quarter fiscal 2002 revenues are projected to increase 5-7 percent from the previous quarter's reported revenue of $80.2 million. These projections are improved from the ``flat to slightly up'' outlook provided during the Company's January 2002 investor conference call, and are driven by improvement in product orders from its North American wireline networking and storage market customers. ``We now believe that the third fiscal quarter of 2002 represented the low point in revenues for the Company,'' said Jerry Taylor, IDT's chief executive officer. ``We are hopeful that the return to revenue growth we are now experiencing will continue based on the production ramp of new customer programs, the continued depletion of excess inventories at contract manufacturers that serve our communications infrastructure customers, and the eventual return to growth of our customers' end markets.''

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